Waiver of Conversion Rights Agreement between Endeavor Acquisition Corp. and Shareholders (October 26, 2005)
This agreement, dated October 26, 2005, is between Endeavor Acquisition Corp. and several shareholders, including Tower Trust and individual signatories. The shareholders agree to waive their rights to convert their shares of the company's common stock in connection with any vote to approve a business combination, as described in the company's IPO prospectus. This means they will not seek to exchange their shares for cash or other consideration if such a vote occurs.
Exhibit 10.14
October 26, 2005
Endeavor Acquisition Corp.
180 Madison Avenue, Suite 2305
New York, New York 10016
| Re: | Endeavor Acquisition Corp. (“Company”) |
Gentlemen:
Each of the undersigned hereby waives his/its right to exercise conversion rights with respect to any shares of the Company’s common stock owned by the undersigned, directly or indirectly, and agrees that he/it will not seek conversion with respect to such shares in connection with any vote to approve a business combination (as is more fully described in the Company’s Prospectus relating to the Company’s initial public offering).
| Very truly yours, | ||
| TOWER TRUST | ||
| By: | /s/ Eric Watson | |
| Name: Eric Watson | ||
| Title: Chairman | ||
| /s/ Jonathan J. Ledecky | ||
| Jonathan J. Ledecky | ||
| /s/ Jay H. Nussbaum | ||
| Jay H. Nussbaum | ||
| /s/ Kerry Kennedy | ||
| Kerry Kennedy | ||
| /s/ Robert B. Hersov | ||
| Robert B. Hersov | ||
| /s/ Edward J. Mathias | ||
| Edward J. Mathias | ||
